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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Medical Office Space
2200 Dixie Hwy Boca Raton, FL 33431-8003
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-4679603
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Construction
CONCRETE
Total area
2,512 SF
Lot
0.19 ac (8,141 SF)
Zoning code
B-1
APN
06-43-47-17-10-020-0030
UPID
US18-4679603
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Spiritual Healing Art Gallery Spiritual Center
-
Smart Film Experts Interior Design Auto Repair Shop
-
ACME Spine & Orthopedics Physician
-
Total Holistic Supplements Alternative Medicine Practice
-
Dentist In Network Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$866k
Blend (final)
Blend
$905k
Owner & transaction history
2200 Dixie Investments LLC · 4 yrs held
2200 Dixie Investments LLC
since 2022
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
B-1 · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$1.2M
+25.3%
Commercial (general)
$1.1M
+12.2%
Retail stores
$1.0M
+1.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Boca Raton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boca Raton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$865,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$990,000
Current use
AUTO REPAIR, GARAGE
$1,240,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,110,000
Change: +12% · Conversion: Easy
RETAIL STORES
$1,000,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$990,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$860,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $950k (Apr 13 2022)
Last sale anchor
$950k
Apr 13 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$360 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,481
Tax year 2023
Assessed value
$728,523
Assessed 2023
Previous assessed
$550,893
+32.2% YoY
Effective rate
1.85%
On assessed value
Assessed land
$325,600
Assessed improvement
$402,923
Land market value
$325,600
Improvement market value
$402,923
Total market value
$728,523
Applied tax rate
6,154.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,512 SF
Lot
0.19 ac (8,141 SF)
Zoning code
B-1
APN
06-43-47-17-10-020-0030
UPID
US18-4679603
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Boca Raton, FLZoning B-1 · permitted uses
B-1 · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$860,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
2200 Dixie Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
215 N FEDERAL HWY STE #1, BOCA RATON, FL 33432-3928
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
$950,000
2200 Dixie Investments LLC
Scgclnick Holdings 2 LLC
Warranty Deed
—
Sep 17, 2020
$625,000
Segelnick Holdings 2 LLC
Mounir Albert Dds Pa
Warranty Deed
$535,000 · Mounir Albert Dds Pa
Apr 1, 1988
—
Elliott,william E Trust
—
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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